Labor Market Outcomes under Search , Matching , and Endogenous Contact Rates 1

  title={Labor Market Outcomes under Search , Matching , and Endogenous Contact Rates 1},
  author={Christopher J. Flinn},
Building upon a continuous-time model of search with Nash bargaining in a stationary environment, we analyze the effect of changes in minimum wages on labor market outcomes and welfare. While minimum wage increases may or may not lead to increases in unemployment in our model, they can be welfare-improving to labor market participants on both the supply and demand sides of the labor market. Key determinants of the welfare impact of a minimum wage increase is the Nash bargaining power parameter… CONTINUE READING


Publications citing this paper.


Publications referenced by this paper.
Showing 1-10 of 37 references

Estimating a Market Equilibrium Search Model from Panel Data on Individuals.

  • Z. Eckstein, K. Wolpin
  • 1990
Highly Influential
8 Excerpts

Wage Differentials, Employer Size, and Unemployment.

  • K. Burdett, D. Mortensen
  • International Economic Review
  • 1998
Highly Influential
4 Excerpts

Duration to First Job and the Return to Schooling: Estimates from a Search-Matching Model.

  • Z. Eckstein, K. Wolpin
  • Review of Economic Studies
  • 1995
Highly Influential
3 Excerpts

The Determination of Welfare in Nonintact Families

  • D. Del Boca, C. Flinn
  • with D. Del Boca. Chapter 5 in The Measurement of…
  • 1994
Highly Influential
2 Excerpts

An Equilibrium Model of Search Employment.

  • J. Albrecht, B. Axell
  • Journal of Political Economy
  • 1984
Highly Influential
4 Excerpts

Equilibrium Wage Dispersion with Heterogeneous Workers and Firms.

  • F. Postel-Vinay, J-M Robin
  • Econometrica
  • 2002
2 Excerpts

Similar Papers

Loading similar papers…